That's pretty common in flood zones to help elevate issues a bit.Not sure on how to estimate for flooding emergencies.

@Joe ConklinIs the house elevated(off grade) or a slab?

Here is a sample: •Data EntryoEnter business cards into systemoOrganize Excel Spreadsheets/ docs oAnswer phone calls from leads and enter information in database (Strong communication skills a must) •ResearchoProspecting onlineoComps (sold properties)oProperty recordsoImportant articlesoPersonal stuff to buyoCreate a speech oSkip trace•MarketingoUse the social media to drive traffic to your buyers list "squeeze pages"oMarketing from Click2Mail direct mailoCraigslist and other sites ad postings As you can see the list is long (hey I can dream , right lol).The chance of finding someone that could do all that is probably not great but where I am most concerned is getting help with data entry (taking calls, excel etc).

Here's a link to some pictures on my website [REMOVED] We got it for $1,000,000 5.5% 25 yr 5 balloon 30% downEach unit similar, very nice finishes, 1250 sq ft +/- with a 200 sq ft covered balcony overlooking pool, covered parking, elevator for each building, gated, less than 2 blocks from Biloxi Beach.2 beds 2 bathsRents run 800-890 (4 - 800) (5 - 840) (2 -850) (4 - 890) Total 12,660We started out renting for $800 military and $850 civilianNow we are up to $840 military and $890 civilianAll units currently occupied Expenses Elevators $300/mthPhone 90/mthPool & Lawn $400 mthWater $600Insurance $1833.00Taxes- $1963.75Mgmt $1,266Total Expenses $6,446.75Debt service $4298.63Total payment & expenses $10,745.38$1,914.62 monthly cashflowNotes: Taxes are based on a much higher property value.

If he shows only $7,000 for Repairs and Maintenance, then add in $4,000 ( $11,000 less $7,000) showing it as a reserve of $4,000to bring it up to a minimum of 5% Other common expense categories (based on an apartment building-will vary for other income property) Real Estate Taxes, Water and Sewer, Common area utilities, Insurance, Legal and Accounting, Advertising, Telephone, Licenses, Heat (if owner pays), Electricity (if owner pays), Cable TV, Supplies, Elevator expense, Pest control. 1.Adding all of the above expenses results in TOTAL EXPENSE 2.Total Income less Total Expense equals (N.O.I.)

Fortunately economic is my hobby and I do have a elevated understanding of stocks. 

Also, there were actually four legal parcels but were on two pads with different elevations.

Beyond the lender's speech on the telephone that delayed financing is the way to go, how do we ensure that if we were to choose to go forth with this option, that delayed financing is guaranteed and at the purchase price we paid?

Additionally the property is on second floor and also has an elevator in it. 

@tonysanfilipo         we really don't know, we have a elevator it came with it even do is just a 2 story, a large elevator, for wheelchair accessible, so right when we finish the rehab, I went down to check it out and I was on the leasing table, and I knew we had 3 existing tenants, like in there 70s, so they said you the leasing agent and I said no I am actually the owner is there a problem and he said your complex is greatest in the area since you have that large elevator and ramps everywhere, bla bla bla they said do you guys have any  retirement veteran discounts, kind of joking or not I really don't know so, I needed to get that place occupied so I said yes you a vet 20% off your first month rent, so they sign on site, word got around and we have to put a limit up to 15 units only giving that discount, so as people moved out the younger people all this people 60-70 live there now some veterans some just retirees. don't really know how it happen we believe it was cause of my discount, which at the begging my partners were upset now everybody pays on time we been really to luck